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News
Lesaka tasks Kagiso Khaole with leading Africa expansion
16+ hour, 58+ min ago (495+ words) Fintech group Lesaka Technologies continues to look for acquisitions that will help to extend its reach outside South Africa. This comes as the group refines its strategy around the types of businesses it plans to retain and grow in its…...
DARRYL MOODLEY | How multimanagers are redefining returns
16+ hour, 58+ min ago (224+ words) The following forces have driven this evolution: Sanlam Investments Multi-Manager continuously scans the South African and global investment universes to identify skilful managers who can collectively give clients the highest probability of achieving their long‑term outcomes. Markets are volatile…...
Trump dismisses ‘very negative forces’ warning over AI risks
1+ day, 5+ hour ago (908+ words) Doonbeg, Ireland — US President Donald Trump said a lot of “very negative forces” are bringing things up about AI that won’t happen and said that he wanted to make sure the US remains the industry leader. “We’re leading China in…...
Lesaka’s plan to improve performance in merchant business
1+ day, 8+ hour ago (495+ words) Lesaka Technologies’ plan to improve performance in its merchant business relies on a similar playbook used for the consumer division. The company until recently consisted of two divisions: a merchant unit and a consumer segment. The consumer unit focuses on…...
OpenAI’s Altman calls AI extinction risk ‘unacceptable’
1+ day, 7+ hour ago (500+ words) OpenAI will not go public in 2026, CEO Sam Altman said in remarks published on Saturday, citing safety concerns over artificial intelligence that render “unacceptable” even a 10% risk that AI could cause human extinction by decade’s end. The comments come as…...
Lesaka targets three-million customers by 2029
1+ day, 14+ hour ago (135+ words) businessday.co.za Lesaka targets three-million customers by 2029 The fintech group looks to accelerate growth through acquisition of Bank Zero Story audio is generated using AI Fintech group Lesaka Technologies is targeting three-million consumer customers by 2029 as it looks to…...
ARTHUR GOLDSTUCK | Acer gives Packard Bell another life
1+ day, 21+ hour ago (733+ words) How do you turn a 100-year-old brand into a start-up? Many venerable institutions that have survived that long would love an answer. Computer maker Acer’s strategy is to revive a forgotten range called Packard Bell and give it a small…...
STEPHEN CRANSTON | Financial advice shifts from sales to client needs
4+ day, 16+ hour ago (816+ words) I am old enough to remember the days before people talked of financial advice. The gold standard was to qualify for the Million-Dollar Round Table, a delightful piece of Americana. Anyone who wrote $1m of premium income would be able to…...
EDITORIAL | We need clear regulation around data centres
4+ day, 16+ hour ago (571+ words) There is no arguing that South Africa needs data centres to power its digital economy. As one industry executive argued recently, the digital computing and storage hubs support services including banking, e-commerce, health care, government services and digital businesses. And…...
Telkom repurposes legacy infrastructure to capitalise on AI chance
5+ day, 5+ hour ago (523+ words) Telkom sees opportunity in capitalising on the growth in digital infrastructure demand now being driven by AI. The group has already begun to make use of existing property and fibre assets to offer data centre services to customers leveraging the…...